BUZZI - Daily - Technical analysis published on 09/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 20.080 EUR
My targets
20.750 EUR (+0.78%)
21.930 EUR (+6.51%)
My analysis
The bullish trend is currently very strong on BUZZI UNICEM. As long as the price remains above the support at 20.080 EUR, you could try to benefit from the boom. The first bullish objective is located at 20.750 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.930 EUR as an objective. Crossing it would then enable buyers to target 24.390 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BUZZI UNICEM price is 20.590 EUR. The price has increased by +3.13% since the last closing with the lowest point at 20.010 EUR and the highest point at 20.830 EUR. The deviation from the price is +2.90% for the low point and -1.15% for the high point.20.010
20.830
20.590
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BUZZI UNICEM chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 17.384 | 19.340 | 20.080 | 20.590 | 20.750 | 21.930 | 24.390 |
| Change (%) | -15.57% | -6.07% | -2.48% | - | +0.78% | +6.51% | +18.46% |
| Change | -3.206 | -1.250 | -0.510 | - | +0.160 | +1.340 | +3.800 |
| Level | Major | Major | Intermediate | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.240 | 19.520 | 19.660 | 19.940 | 20.080 | 20.360 | 20.500 |
| Camarilla | 19.685 | 19.723 | 19.762 | 19.800 | 19.839 | 19.877 | 19.916 |
| Woodie | 19.170 | 19.485 | 19.590 | 19.905 | 20.010 | 20.325 | 20.430 |
| Fibonacci | 19.520 | 19.680 | 19.780 | 19.940 | 20.100 | 20.200 | 20.360 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.148 | 18.737 | 19.673 | 20.262 | 21.198 | 21.787 | 22.723 |
| Camarilla | 20.191 | 20.330 | 20.470 | 20.610 | 20.750 | 20.890 | 21.029 |
| Woodie | 18.323 | 18.824 | 19.848 | 20.349 | 21.373 | 21.874 | 22.898 |
| Fibonacci | 18.737 | 19.319 | 19.679 | 20.262 | 20.844 | 21.204 | 21.787 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.495 | 16.285 | 17.685 | 18.475 | 19.875 | 20.665 | 22.065 |
| Camarilla | 18.483 | 18.684 | 18.884 | 19.085 | 19.286 | 19.487 | 19.687 |
| Woodie | 15.800 | 16.438 | 17.990 | 18.628 | 20.180 | 20.818 | 22.370 |
| Fibonacci | 16.285 | 17.122 | 17.638 | 18.475 | 19.312 | 19.828 | 20.665 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.56 | |
| MACD (12,26,9): | 0.3490 | |
| Directional Movement: | 1.515 | |
| AROON (14): | 35.714 | |
| DEMA (21): | 20.299 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.809 | |
| Elder Ray (13): | -0.339 | |
| Super Trend (3,10): | 19.165 | |
| Zig ZAG (10): | 19.980 | |
| VORTEX (21): | 1.0260 | |
| Stochastique (14,3,5): | 47.67 | |
| TEMA (21): | 20.396 | |
| Williams %R (14): | -50.58 | |
| Chande Momentum Oscillator (20): | 0.345 | |
| Repulse (5,40,3): | 0.8270 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3110 | |
| Courbe Coppock: | 9.44 |
| MA7: | 20.150 | |
| MA20: | 19.833 | |
| MA50: | 19.097 | |
| MA100: | 18.683 | |
| MAexp7: | 20.088 | |
| MAexp20: | 19.819 | |
| MAexp50: | 19.277 | |
| MAexp100: | 18.841 | |
| Price / MA7: | +2.18% | |
| Price / MA20: | +3.82% | |
| Price / MA50: | +7.82% | |
| Price / MA100: | +10.21% | |
| Price / MAexp7: | +2.50% | |
| Price / MAexp20: | +3.89% | |
| Price / MAexp50: | +6.81% | |
| Price / MAexp100: | +9.28% |
News
The latest news and videos published on BUZZI UNICEM at the time of the analysis were as follows:
Buzzi UnicemThis member declared not having a position on this financial instrument or a related financial instrument.
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